Hong Kong likely to see negative growth in Q3: Finance Chief

Sun Online Desk

29th September, 2019 02:30:12 printer

Hong Kong likely to see negative growth in Q3: Finance Chief

 

It is likely Hong Kong will register a quarter-on-quarter negative growth in the third quarter, the finance chief of the Hong Kong Special Administrative Region (SAR) government said.

Speaking with reporters, Paul Chan, financial secretary of the SAR government, said the economic data for the quarter is being compiled and the negative impact has been quite strong on tourism-related industries, and food and beverage-related industries.

It is highly likely that Hong Kong would be registering a quarter-on-quarter negative growth again for the third quarter. If that is the case, then technically Hong Kong will be in recession, he added.

The SAR government has recently introduced a number of measures to address the challenges of the current economic environment and alleviate unemployment in Hong Kong.

 

 


Top